Abacrombrie
Credit & Debt Services in Sheffield, South Yorkshire
Abacrombie & Lynch are one of the major bankruptcy advisers in England. We're Insolvency Specialists, operating in England, that act for you and not your creditors. Bankruptcy is a legal status that usually lasts for a year. We provide loan arrangement services for all types of loan and for all credit risk categories. If you have County Court Judgements, defaults or other bad credit history, this need not be a barrier to a loan. Naturally, the interest rates will be a little higher than for a top credit risk customer but you may be surprised how reasonable the rates and terms can be.
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About Us
read moreAbacrombie & Lynch was launched in 2009 and has already successfully represented individuals and commercial clients in insolvency proceedings. We are bankruptcy specialists who bring experience, skill and creativity to the high complex area of bankruptcy. Our primary objective is to alleviate our clients from the stress and anguish they may have been experiencing as a result of their financial difficulties. Unlike other companies, we don't want to increase your problems further by lending you more money or tying you down to repayment schemes you simply cannot afford.
Abacrombie and Lynch Individual
read moreOften called an IVA, this is a process permitted under the Insolvency Act 1986 where a proposal is made to your creditors to repay some or all of your debts over a period. The process is supervised by an Insolvency Practitioner appointed by your creditors to receive the payments from you and pass them on to your creditors. The proposal to your creditors must be accepted by at least 75% by value of the creditors. If it is, then all your creditors are bound by the Arrangement and, provided that you meet the agreed payments on time, your debts will be cleared at the end of the payment term.
Abacrombie and Lynch Bankruptcy
read moreAn individual can be made bankrupt by anyone to whom they owe more than 750. If you are under pressure from a creditor who is threatening to make you bankrupt, you need advice immediately. Many individuals find themselves in financial difficulties. This can be for a number of reasons, but very common causes are a loss of employment, failure of a business, break-up of marriage, illness or simply over-extension of credit card debts. Whatever the cause, it is important that action is taken to address the position.
Credit Scores
read moreHow UK lenders decide who to lend to? Before giving credit, lenders such as banks, loan companies and shops check whether you are an acceptable risk. To help them decide this they obtain information from credit reference agencies. Whilst it is annoying when the computer says no and you are refused credit it is a system that allows lenders to process new loans fast. There is no such thing as a "blacklist" and credit reference agencies do not give an opinion about whether or not you should be given credit.
Abacrombie Debt Management Comparison
read moreYour debtors will not stop chasing you, they will continue to add interest, charges and Court fees to your account, and if you are a homeowner they may be able to convert their unsecured debts into debts which are secured on your home. When you or your company are made bankrupt, your assets (possessions, home, income etc) can be used to pay your debts. You have to agree to certain restrictions and your financial affairs will be investigated. Find out how bankruptcy affects you and where to get advice on dealing with your debts.
Abacrombie and Lynch
read moreA limited company is insolvent when its liabilities exceed its assets or when it cannot meet its liabilities as they fall due. It is a criminal offence to trade whilst insolvent. Directors and shadow directors of limited companies can, in certain circumstances, also become personally liable for debts incurred by the company if it trades whilst insolvent. Creditors are becoming increasingly aware of the risks to directors of trading whilst insolvent and many legal firms offer services designed to threaten directors personally.
Abacrombie and Lynch
read moreOnce a person is discharged from your bankruptcy you are no longer bound by most of the legal implications of bankruptcy. But a person will be registered with the credit reference agencies that you were bankrupt and this will stay on your credit file for six years. After this point, when applying for a mortgage, a person may still have to declare that you were bankrupt. THERE has been a steep rise in the number of bankruptcies in Worcestershire during the past ten years a new report has revealed.
Citizens Advice
read moreOur Citizens Advice self-help website adviceguide.org.uk has practical, reliable information to help you solve your problems. Adviceguide also includes frequently asked questions in other languages. The information is continually reviewed by our team of advisers and covers the law in England, Northern Ireland, Scotland and Wales. Under 25 and need information on debt, benefits, employment or housing? When you or your company are made bankrupt, your assets (possessions, home, income etc) can be used to pay your debts.
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